Farmers-Merchants Bank & Trust Company (FM Bank) received a $1,826,265 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The two-year award ending December 31, 2023 will support FM Bank's ability to respond to the economic impacts of the coronavirus pandemic on its customers and community. The CDFI RRP aims to bolster...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1.5 million Project Grant to FBT Bancshares, Inc. under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The two-year award, which runs from June 2021 through December 2023, will support FBT Bancshares' ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of the coronavirus pandemic. As a...
The Ncrc Community Development Fund, Inc., doing business as Ncrc Cdfi, was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund on June 15, 2021. The grant is part of the Community Development Financial Institutions Rapid Response Program and will support Ncrc Cdfi's ability to respond to the economic impacts of the coronavirus through December 31, 2023. As outlined in the program description for the Community Development...
The Neighborhood Finance Corporation (NFC) was awarded a $1,278,385 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The CDFI RRP aims to support CDFIs' ability to address the economic impacts of COVID-19. NFC will use the grant funding to provide products and services through December 2023 to support, prepare for, and respond...
The Department of the Treasury's Community Development Financial Institutions Fund awarded a $1,278,385 Project Grant to Nacdc Financial Services, Inc. on June 15, 2021 through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant will support Nacdc Financial Services' ability to provide financial assistance to communities and businesses economically impacted by COVID-19 through December 31, 2023. As the CDFI RRP aims to support, prepare for,...
Franklin State Bank & Trust Company was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support the Bank's ability to provide financial products and services to communities impacted by the economic effects of the coronavirus pandemic from June 2021 through December 2023. The CDFI RRP aims to bolster...
Commercial Bank & Trust Company was awarded a $1.8 million project grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) on June 15, 2021. The grant will support Commercial Bank's ability to respond to the economic impacts of the coronavirus through December 31, 2023. As a Community Development Financial Institution, Commercial Bank will use the funding to provide financial and technical assistance to...
The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Fnbc Bancorp Inc. a $230,000 Project Grant under the Small Dollar Loan Program (CFDA 21.025). The grant will enable the recipient to establish a loan loss reserve and provide technical assistance to support small dollar lending. Through this alternative lending model, the intended outcomes are to help the unbanked and underbanked populations build credit, access affordable capital, and...
Partner Community Capital, Inc., doing business as Ncif, was awarded a $1,826,265 Project Grant from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024). The grant will support Ncif's ability to provide financing and technical assistance to communities and businesses impacted by the economic effects of the coronavirus pandemic from June 2021 through December...
The Community Development Financial Institutions Fund (CDFI Fund), an agency of the Department of the Treasury, awarded a $277,000 Project Grant to CBA Fund through the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024). The grant will support CBA Fund's ability to respond to the economic impact of the coronavirus by providing financial and technical assistance services to communities and businesses between June 2021 and December 2023. The CDFI RRP...